Since its establishment, Wuxi NuoRui Company has been focusing on the research and development of electronic chart technology and products. As of the date of publication, it has obtained 9 software copyrights related to electronic charts, 2 utility model patents, and has 2 invention patents which received notice of acceptance.
On December 23, our company obtained the “Software Enterprise Certification” and “Software Product Registration Certificate” issued by Jiangsu Economic and Information Technology Commission.
After being identified by the “Double Soft Enterprise” and approved by the competent tax authorities, the company will be entitled to tax benefits for corporate income tax and software product value added tax:
According to the "Notice of the State Administration of Taxation on Certain Preferential Policies for Enterprise Income Taxes" (Cai Shui  No. 1), after the establishment of new software production enterprises in China, the first year and the second year will be exempted from the profit-making year. Corporate income tax is levied, and corporate income tax is halved in the third to fifth years.
According to the "Notice of the Ministry of Finance and the State Administration of Taxation on the VAT Policy for Software Products" (Cai Shui  No. 100), VAT general taxpayers sell their own software products developed and produced at a rate of 17%. The part of the VAT actual tax burden of more than 3% is subject to the immediate withdrawal policy.
Our company will continue to adhere to the road of independent innovation and provide a series of products and solutions for more ship navigation equipment manufacturers and ship-shore information integrators.